Author: mitkekane

Food Diagnostics Market: A Booming Industry Fueling Food Safety and Quality

The global food diagnostics market is estimated at USD 16.2 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.7% from 2023 to 2028. Food diagnostics involves a range of techniques and technologies used to detect contaminants, pathogens, allergens, and adulterants in food products. The market is primarily driven by the growing concerns regarding food safety, increasing consumer awareness, and stringent regulations imposed by governments worldwide. With the globalization of the food supply chain, the need for accurate and rapid testing methods has surged, fostering innovation in this sector.

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By type, the test kits segment is estimated to grow at the highest CAGR during the forecasted period

Test kits are indispensable tools in the realm of food safety and quality testing. They are designed to provide quick, reliable, and cost-effective results for the presence of contaminants, pathogens, allergens, and quality parameters in various food products. Test kits are user-friendly, allowing even non-specialized personnel to perform tests with minimal training. This accessibility and simplicity make them ideal for on-site testing, where immediate results can lead to prompt corrective actions. Moreover, test kits enable rapid detection, significantly reducing the time required for analysis compared to traditional laboratory methods. This swift response is crucial in preventing contaminated or substandard food products from entering the market, ultimately safeguarding public health.

By food tested, the fruits & vegetables segment is anticipated to grow at a significant rate in the food diagnostics market

The consumption of fruits and vegetables is increasing globally, and consumers are becoming more conscious of the quality and safety of the produce they consume. In response to this, food safety regulations have become stricter, necessitating rigorous testing procedures for contaminants such as pesticides, pathogens, and heavy metals. The growing awareness of health and wellness further fuels the demand for safe and high-quality produce, prompting the need for advanced diagnostics. Additionally, there is a rising concern about foodborne illnesses linked to fruits and vegetables. Outbreaks and recalls are not only costly for producers but can also have serious health implications for consumers. Food diagnostics can help detect pathogens like E. coli, Salmonella, and Listeria in these products, preventing outbreaks and ensuring public safety.

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North America is estimated to have a significant market share in the global food diagnostics market

The stringent food safety regulations and their unwavering enforcement in the North American region have been instrumental in driving the demand for advanced food diagnostics technologies. Regulatory bodies such as the FDA in the United States and CFIA in Canada continually advocate for more rigorous monitoring and testing protocols, effectively compelling the adoption of cutting-edge food diagnostics solutions. The steadfast commitment to ensuring the safety and quality of food products places North America at the forefront of this burgeoning industry.

Major key players operating in the food diagnostics market include Bio-Rad Laboratories Inc. (US), Thermo Fisher Scientific Inc. (US), Shimadzu Corporation (Japan), Neogen Corporation (US), BioMerieux (France), Agilent Technologies Inc. (US), Merck KGaA (Germany), QIAGEN (Germany), Bruker (US), and Danaher (US).

Feed Plant-based Protein Market Size & Share | Forecasts Report and Trend Analysis

The global feed plant-based protein market size is estimated to be valued at USD 2.5 billion in 2020. It is projected to reach USD 3.4 billion by 2025, recording a CAGR of 6.3% in terms of value. An increase in demand for plant-based pet food due to rise in awareness among pet owners, pet owners’ inclination toward organic pet food ingredients, and innovative animal husbandry techniques to improve meat quality augments the demand for nutritional plant-based protein is driving the global feed plant-based protein market.

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The soy segment accounted for the largest share in the feed plant-based protein market

Based on sources, soy dominated the market. Soy protein products are used in feed and pet food to increase water and fat retention and improve nutritional values. It has been a substitute for traditional chemical-based feed ingredients, and soy proteins have rapid dispersibility and excellent suspension properties. Moreover, soy concentrates consist of approximately 70% protein and are highly digestible with low antigenicity. Due to these factors, soy protein is estimated to account for most of the share in the market.

The ruminants segment is projected to grow at the highest growth rate in the feed plant-based protein market during the forecast period

Based on livestock, ruminants accounted for the fastest-growing segment in the market. The rising demand for dairy & dairy-based products such as milk, cheese, yogurt, and butter in both the developed and developing countries is projected to drive the growth of the nutritional feed ingredients for the consumption of ruminants. Plant-based protein ingredients, besides increasing the production of end products obtained from ruminants, also improve their health and immune systems. Owing to these factors, the segment is projected to grow at the highest CAGR.

The isolates segment is projected to grow at a significant growth rate in the feed plant-based protein market during the forecast period

By type, the market is segmented into concentrates, isolates, and other types such as textured protein and hydrolyzed protein. Protein isolates are believed to have played a major role in the development of new varieties of formulated feed ingredients. It has a high concentration of protein, with the advantage of color, flavor, and functional properties, making it an ideal raw ingredient to be used in pet food and feed for ruminants, swine, poultry, and aqua feed. Key companies such as Roquette Frères (France) are among the major producers of protein isolates and have strong product lines that cater to their customer base.

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The Asia Pacific region is expected to grow at the highest CAGR during the forecasted period

Asia Pacific is the fastest-growing region in the global market. The market is majorly driven by an increase in the demand and consumption of livestock-based products, a rise in feed production, and the implementation of innovative animal husbandry practices to improve the meat quality and output of other livestock-based products. The increasing awareness about livestock nutrition and healthy diet, modernization of the livestock industry, and the rise in consumption of meat & other livestock-based products have led to an increase in the size of the market. Furthermore, the region is also attributed to the rising demand for pet food products in countries such as China, Australia, and India, and an increasing focus on the health of pets are expected to drive growth.

Industrial Enzymes Market to Hit $10.2 billion by 2028

The global industrial enzymes market size was valued at US$ 6.9 billion in 2022 and is poised to grow from US$ 7.4 billion in 2023 to US$ 10.2 billion by 2028, growing at a CAGR of 6.6% in the forecast period (2023-2028).

South America is witnessing growth in the industrial enzymes market due to government support

The demand for industrial enzymes in South America is witnessing significant growth due to several key factors. The region boasts abundant agricultural resources, encompassing crops like corn, sugarcane, soybeans, and cassava. Industrial enzymes play a pivotal role in efficiently utilizing these raw materials by enhancing their conversion into valuable products. For instance, enzymes are extensively employed in biofuel production, facilitating the breakdown of lignocellulosic biomass into fermentable sugars. This enzymatic process maximizes resource utilization while minimizing waste generation, aligning perfectly with the region’s objectives of resource optimization and value addition.

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The feed application of the industrial enzymes segment is driving the market due to improving nutrition

Feed enzymes play a pivotal role in driving the development of cutting-edge animal diets. With a deepening understanding of animal physiology and the intricate interplay between nutrients and enzymes, researchers are actively creating innovative enzyme formulations to precisely target specific dietary components. These advancements enable the formulation of highly tailored diets that cater to the distinct nutritional requirements of diverse animal species and various stages of production.

The microorganisms’ enzymes segment is driving the market in industrial enzymes

Microorganism enzymes demonstrate remarkable versatility and adaptability, rendering them highly desirable across a wide range of industries, including food and beverage, pharmaceuticals, textiles, biofuels, and agriculture. Their ability to be engineered and modified enables them to precisely target specific substrates and perform an extensive array of enzymatic reactions. This inherent flexibility allows for their application in various industrial processes, where they excel in effectively breaking down complex compounds like lignocellulosic biomass, transforming them into valuable products.

Specialty Food Ingredients Industry – Growth Trends in the Market

The specialty food ingredients market size is estimated at USD 179.8 billion in 2023 and is projected to reach USD 240.9 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. The key factor contributing to the growing demand for specialty food ingredients is the increasing consumer awareness and demand for healthier and functional food options. Manufacturers are able to adapt their products to the changing desires and tastes of consumers through technological developments and innovative product formulations, which is fueling the market’s growth.

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The functional food ingredients segment is expected to grow at the highest CAGR during the forecast period

There is an increasing demand for food products that provide functional benefits beyond basic nutrition as people become more health conscious. Functional food components with the potential to improve health include probiotics, prebiotics, antioxidants, and omega-3 fatty acids. They promote cognitive performance, support cardiovascular health, improve digestion, and boost immunity. The market for functional food components is being driven by rising knowledge of these advantages and a desire for preventive healthcare.

Food flavors emerge as a driving force in the specialty food ingredients industry

The industry of food is quite competitive, and producers are always looking for ways to distinguish the products they produce. Food flavors are a useful tool for product innovation and distinction. Manufacturers can create fresh and appealing food and beverage products that evoke interest in customers by combining distinctive and trendy flavors. Additionally, flavors can be mixed to create unique or customized taste profiles, giving firms the opportunity to stand out from the competition and earn over customers. Food flavors prominence in the market is largely due to their capacity to improve product appeal and distinction.

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US is expected to account for the largest market share

The US has a significant, wealthy consumer base with significant purchasing power. American consumers are renowned for their openness to trying out novel goods and experimenting with emerging culinary trends. The need for specialty food ingredients is driven by consumers values for convenience, quality, and diversity in their food options. The demand for a wide variety of specialty ingredients, such as flavors, functional ingredients, and natural additives, is further fueled by the different culinary preferences and multicultural populations. The US market is a leader in specialty food ingredients due to the strong customer demand and considerable purchasing power. According to the USDA Food Processing report of April 2023, in the U.S. market, food processing ingredients hold a significant share of 60 percent. Within this sector, specialty food ingredients play a crucial role in shaping the diverse and innovative landscape of the food industry. As consumers increasingly prefer innovative products, the demand for specialty food ingredients continues to grow, further driving the development and expansion of this dynamic sector.

Major players operating in the specialty food ingredients market are ADM (US), DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Kerry Group plc. (Ireland), Givaudan (Switzerland), Cargill, Incorporated (US), Sensient Technologies Corporation (US), Ingredion. (US), Chr. Hansen Holding A/S (Denmark), and Tate & Lyle (UK).

Secondary Macronutrients Market Competitive Landscape: Major Players, Competitor Market Shares, And Player Strategies – By The MarketsandMarkets

The global Secondary Macronutrients Market size is expected to record a CAGR of 4.0% from 2023 to 2028. In 2023, the market size is projected to reach a valuation of USD 39.9 billion. By 2028, the valuation is anticipated to reach USD 48.5 billion.

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Secondary Macronutrients Market Growth Factors and Dynamics:

Increased Awareness of Nutrient Management:

  • Farmers and agricultural practitioners are becoming more aware of the importance of balanced nutrient management for optimal crop growth.
  • Understanding the role of secondary macronutrients in improving soil fertility and enhancing crop yield contributes to market growth.

Soil Health Concerns:

  • Growing concerns about soil degradation and nutrient depletion drive the demand for secondary macronutrients.
  • Calcium, magnesium, and sulfur play crucial roles in maintaining soil structure, pH balance, and overall soil health.

Shift towards Sustainable Agriculture:

  • The global shift towards sustainable agricultural practices encourages the use of secondary macronutrients as part of eco-friendly and balanced fertilization strategies.
  • Sustainable farming practices emphasize long-term soil fertility and reduced environmental impact.

Crop-Specific Nutrient Requirements:

  • Increased awareness of the specific nutrient requirements of different crops fuels the demand for secondary macronutrient-containing fertilizers tailored to meet these needs.
  • Crop-specific formulations contribute to more efficient and targeted nutrient application.

Technology Advancements in Fertilizer Production:

  • Advances in fertilizer manufacturing technologies facilitate the development of innovative secondary macronutrient products.
  • Enhanced formulations, controlled-release technologies, and precision agriculture contribute to market growth.

Government Initiatives and Subsidies:

  • Government initiatives promoting sustainable agriculture, soil health, and balanced fertilization practices can drive the adoption of secondary macronutrient-containing fertilizers.
  • Subsidies and support programs further incentivize farmers to use these products.

Global Population Growth and Food Security Concerns:

  • The increasing global population places pressure on agriculture to enhance food production.
  • Secondary macronutrients contribute to improving crop yields and ensuring food security.

List of the Key Players in the Secondary Macronutrients Market:

  • Nutrien Ltd. (Canada)
  • Yara (Norway)
  • The Mosaic Company (US)
  • Israel Chemicals Ltd. (Israel)
  • K+S Aktiengesellschaft (Germany)
  • IFFCO (India)
  • Deepak Fertilisers
  • Petrochemicals Corporation Ltd. (India)
  • Coromandel International Ltd (India)

The Secondary Macronutrients Market is Segmented as Follows:

Market By Nutrient

  • Calcium
  • Sulfur
  • Magnesium

Market By Crop type

  • Cereals & grains

o    Corn

o    Wheat

o    Rice

o    Other cereals & grains

  • Oilseeds & pulses

o   Soybean

o   Sunflower

o   Other oilseeds & pulses

  • Fruits & vegetables

o   Root & tuber vegetables

o   Leafy vegetables

o   Pome fruits

o   Berries

o   Citrus fruits

o   Other fruits & vegetables

  • Other crop types

Market By Application

  • Liquid application

o   Fertigation

o   Foliar

o   Other liquid mode of applications

  • Solid application

o   Broadcasting

o   Deep Tillage

o   Localized Placement

Market By Form

  • Dry form
  • Liquid form

Market By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Row (Africa and Middle East)

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Regional Analysis of Secondary Macronutrients Market:

A regional analysis of the secondary macronutrients market reveals variations in demand, adoption, and influencing factors across different geographical areas. Here’s a breakdown of the market dynamics in key regions:

North America:

  • In North America, the secondary macronutrients market is driven by the adoption of precision farming techniques.
  • Increased awareness of soil health, sustainable agriculture, and environmental concerns contribute to the demand for calcium, magnesium, and sulfur-based fertilizers.
  • Government initiatives supporting nutrient management and sustainable practices further boost the market.

Europe:

  • Europe places a strong emphasis on sustainable agriculture and environmental stewardship, driving the use of secondary macronutrients.
  • Stringent regulations on fertilizer use and a focus on organic farming contribute to the demand for nutrient-balanced solutions.
  • Collaborations between research institutions and industry players lead to innovative products.

Asia-Pacific:

  • The Asia-Pacific region, with its vast agricultural landscape, experiences a growing demand for secondary macronutrients.
  • Increasing population, food security concerns, and a shift towards commercial farming drive the need for efficient nutrient management.
  • Government support in the form of subsidies for balanced fertilization practices enhances market growth.

Latin America:

  • Latin America sees a rise in the adoption of secondary macronutrients due to extensive agricultural activities.
  • Large-scale farming operations, especially in countries like Brazil and Argentina, drive demand for calcium, magnesium, and sulfur for crop nutrition.
  • Weather variations and soil conditions influence the specific nutrient requirements in different sub-regions.

Middle East and Africa:

  • In this region, the secondary macronutrients market is influenced by efforts to improve agricultural productivity in arid and semi-arid regions.
  • Soil amendments with calcium and sulfur are important for addressing soil salinity and alkalinity issues.
  • Water scarcity and climate conditions impact the choice of nutrient management practices.

Hydrocolloids Market Report Forecast, Share, Industry Growth and Size

Hydrocolloids Market Forecast

Hydrocolloids market is estimated to be valued at USD 11.2 billion in 2023 and is projected to reach USD 14.5 billion by 2028, at a CAGR of 5.4% during the forecast period. The exponential growth in the natural and clean-label food consumption across the food and beverage industry due to its growing awareness has influenced the use of hydrocolloids. Moreover, this has led to an increase in dependence on natural fibers and gums for functional properties, stability, safety, and quality of food products.

In terms of type, pectin is estimated to be the fastest type of segment during the forecast period

Pectin is an important polysaccharide with applications in food, pharmaceuticals, and many other industries. It is used as an emulsifier, gelling agent, thickener, stabilizer, and fat or sugar replacer in a low-calorie food. Pectin and pectin-derived oligosaccharides can also be used as important ingredients in functional food. Its importance in the food sector lies in its ability to form a gel in the presence of Ca2+ ions or a solute at low pH.

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The seaweed segment by source in the hydrocolloids market report is projected to grow at the highest CAGR during the forecasted period

Seaweed-derived hydrocolloids mainly include alginate, carrageenan, and agar, which are important parts of the food ingredient industry. The three types of hydrocolloids are natural hydrophilic polymers existing in the cell walls and extracellular matrixes of brown and red seaweeds that can be extracted through a series of chemical and physical processes. Owing to their excellent thickening, gelling, film-forming, and other novel properties, alginate, carrageenan, and agar are widely used in the functional food industry.  Seaweed hydrocolloids find application as thickeners, stabilizers, coagulants, and salves (in the wound and burn dressings) and they are used as materials to produce bio-medical impressions in the food, pharmaceutical, and biotechnology industries.

Stabilizers, by function, is estimated to be the fastest-growing function of hydrocolloids during the forecast period

Stabilizers add viscosity to enhance overall flavor and give body to beverages while also preventing sedimentation and keeping ingredients suspended within the finished product. Stabilizers are additives used to help maintain emulsions or prevent degeneration in beverages. The most common stabilizers are hydrocolloids (such as xanthan, gum Arabic, and gum acacia), modified starches, pectin, carrageenan, casein, and inulin. The purpose of stabilizers is to add viscosity to enhance flavor and give body to a beverage. They also maintain emulsification, which prevents sedimentation by keeping additional ingredients suspended in the product.

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North America is estimated to be the fastest region during the forecast period

The North American hydrocolloids market is also driven by its application in premium food products. The leading manufacturers of hydrocolloids in North America include Ashland Inc. (US), CP Kelco (US), Cargill, Incorporated (US), Ingredion Incorporated (US), and Darling Ingredients Inc. (US). The North American market is completely driven by the US. The US has a large market for bakery, confectionery, convenience food, and packaged food products; hence, it constitutes a major share in the market. Consumers in the US are calorie-conscious due to which low-calorie and low-fat food products are popular in the country. The increasing prevalence of obesity and cardiac diseases has led consumers to demand natural and low-calorie food products. Food manufacturers are therefore concentrating on the application of natural hydrocolloids and their function as fat replacers.

Key players in this market include International Flavors & Fragrances Inc. (US), Ingredion (US), Cargill, Incorporated (US), Kerry Group plc (Ireland), Associated Archer Daniels Midland Company (US), Palsgaard A/S (Denmark), Darling Ingredients Inc. (US), DSM (Netherlands), Ashland (US), Tate & Lyle (UK), CP Kelco U.S., Inc. (US), Nexira (France), Deosen Biochemical (Ordos) Ltd. (China), Fufeng Group (China), and BASF SE (Germany).

Global Pulse Ingredients Market set to surpass USD 25.9 billion by 2027, fueled by rising demand for protein-rich foods

The global pulse ingredients market size, valued at USD 20.7 billion in 2022, is projected to reach USD 25.9 billion by 2027, recording a compound annual growth rate (CAGR) of 4.6% during the forecast period. Pulse ingredients, derived from peas, lentils, and chickpeas, are fine-powdered materials produced without processing aids or chemical compounds. These natural food and feed-grade products enhance the nutritional value of foods without altering their flavor, aroma, or color.

Nutritional Value and Market Drivers

Pulse ingredients are vital in food products and animal feeds, including pet foods and aquaculture. The growing consumer demand for protein-rich food, particularly among diet-conscious individuals and those focused on weight management, has significantly driven the market for pulse-derived protein. Pulses are a rich source of proteins, making them an essential component in meeting this rising demand.

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Chickpea Segment: Leading the Pulse Ingredients Market Growth

The chickpea segment is expected to grow at the highest CAGR during the forecast period. Chickpeas, or garbanzo beans, are nutrient-dense, offering proteins, vitamins, minerals, carbohydrates, and high levels of dietary fiber. According to the Food and Agriculture Organization (FAO), India was the largest producer of chickpeas in 2019, supplying about 70% of the global demand. Chickpeas are the third most produced legume in South Asia, following beans and peas. Two main types of chickpeas are cultivated: Kabuli, grown in West Asia and the Mediterranean region, and Desi, grown in the Indian subcontinent. The increased consumption and diverse applications of chickpeas in food and beverages are expected to drive the market’s growth in this segment.

Asia: The Largest Market for Pulse Ingredients

The Asia Pacific region is projected to be the largest market for pulse ingredients. This region includes developing countries such as India, China, Australia & New Zealand, and Japan. According to the FAO, the Asia Pacific region accounted for 49% of global pulse production in 2018, with India alone contributing around 57% of this production. Major pulse crops in India include chickpeas, peas, green gram, black gram, and lentils. The regional market growth is supported by a rising population, increased disposable incomes, and growing consumer interest in functional ingredients, all of which are expected to boost sales of pulse ingredients.

Key Players in the Pulse Ingredients Market

The pulse ingredients market features several key players, including:

  • ADM (US)
  • Roquette Frères (France)
  • Ingredion (US)
  • The Scoular Company (US)
  • Axiom Foods, Inc. (US)
  • PURIS (US)
  • Emsland Group (Germany)
  • AGT Food and Ingredients (Canada)
  • Batory Foods (US)
  • Vestkron Milling M/S (Norway)
  • Dakota Ingredients (US)

These companies are at the forefront of the market, driving innovation and meeting the growing global demand for high-quality pulse ingredients.

In summary, the pulse ingredients market is poised for significant growth, driven by increasing consumer demand for protein-rich foods and the robust production capacities in regions like Asia. With key players actively contributing to market expansion, the future of pulse ingredients looks promising.

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Compound Feed Market | US$ 668.3 Billion by 2031 | CAGR 4.3%

The global market for compound feed was valued at USD 541.2 billion in 2023 and is projected to reach USD 668.3 billion by 2028, at a CAGR of 4.3% during the forecast period.

Compound feed is a complete or balanced feed prepared by scientifically mixing various ingredients to meet the specific nutritional requirements of different animals at various stages of their life cycle. These ingredients can include grains, protein meals, fats and oils, minerals, vitamins, and additives. Compound feed is produced by commercial feed mills and is available in various forms, including mash, pellets, crumbles, cubes, and liquid.

The main goal of compound feed manufacturing is to create a feed that is not only nutritious but also cost-effective. By using a variety of ingredients, feed manufacturers can create a feed that meets the nutritional needs of animals without breaking the bank. Compound feed is also a convenient way for farmers to provide their animals with all the nutrients they need. Unlike feeding animals a single grain or forage, compound feed provides a complete and balanced diet that helps animals grow, reproduce, and stay healthy.

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Role of Compound Feed in Agriculture Industry

Compound feed plays a central role in the modern agriculture industry, specifically in livestock production. Here’s a breakdown of its importance:

Balanced Nutrition: Unlike simply letting animals graze, compound feed allows for precise control over the nutrients they receive. Formulated by experts in animal nutrition, it combines various ingredients like grains, proteins, vitamins, and minerals to create a balanced diet. This ensures:

  • Animal Health: Proper nutrition keeps livestock healthy and prevents deficiencies.
  • Improved Performance: A balanced diet optimizes growth, milk production, and egg laying in animals.

Efficiency and Cost-Effectiveness:

  • Standardized Nutrition: Consistent quality and nutrient levels across batches reduces feeding variations and ensures efficient animal production.
  • Reduced Waste: Compound feed minimizes waste compared to traditional feeding methods where animals might selectively graze or not consume all the components offered.

Practical Advantages:

  • Convenience: Ready-made feed saves farmers time and effort compared to sourcing and preparing individual ingredients.
  • Storage and Handling: Processed forms like pellets or blocks improve storage life and handling compared to loose grains.
  • Transportation: Dense compound feed is easier and cheaper to transport than bulky raw ingredients.

Cereals Reign Supreme in Compound Feed Ingredients

The compound feed market relies on a variety of ingredients to provide essential nutrients to livestock. Among these, cereals hold the leading position by value. This dominance can be attributed to several factors:

  • Nutritional Powerhouse: Cereals are rich in carbohydrates, the primary source of energy for animals. They also offer varying levels of protein, fiber, and essential minerals, creating a well-rounded nutritional profile.
  • Cost-Effectiveness: Cereal crops like corn and wheat are widely cultivated and readily available around the globe. Their abundance translates to affordability, making them a cost-effective choice for feed manufacturers.

Poultry Leads the Livestock Charge

When it comes to the type of livestock consuming the most compound feed, poultry reigns supreme. This dominance is driven by the immense popularity of poultry products:

  • Global Favorite: Poultry, particularly chicken, is a top choice for meat consumption worldwide. Consumers favor poultry due to its affordability, versatility in cooking, and proven health benefits.
  • High Demand, High Feed Needs: The ever-growing demand for poultry meat and eggs necessitates a constant supply of specialized compound feed. This ensures optimal growth and production in poultry farms.

Mash Reigns Supreme in Feed Formulations

The form in which compound feed is presented also plays a crucial role. Mash feed, a blend of finely ground ingredients, currently holds the largest market share:

  • Easy Consumption for Young Animals: Mash feed’s uniform texture makes it easier for young animals and those with sensitive digestive systems, like piglets and chicks, to consume and digest the nutrients.
  • Enhanced Nutrient Absorption: The grinding process increases the surface area of the ingredients, allowing for better nutrient absorption. This can significantly improve growth rates, feed efficiency, and overall animal performance. These benefits solidify mash feed’s position as the preferred form for many livestock.

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Future Outlook of Compound Feed Market

The future outlook for the compound feed market is expected to be one of steady growth, with analysts predicting a CAGR (Compound Annual Growth Rate) of between 4.23% and 5.30% over the next decade. Here’s a breakdown of the key factors driving this growth:

Growth Drivers:

  • Rising demand for meat, poultry, and dairy products: Globally, consumers are increasingly demanding animal protein, which in turn fuels the demand for livestock and consequently compound feed.
  • Growing focus on animal health and welfare: Consumers are more interested in ethically sourced meat and dairy products, leading to a rise in demand for compound feed that promotes animal well-being.
  • Development in emerging economies: As economies develop, particularly in Asia and Africa, there’s an expected rise in meat consumption and animal production, requiring more compound feed.
  • Advancements in livestock feeding practices: New technologies and practices for efficient livestock nutrition will likely increase reliance on compound feed.

Challenges to Consider:

  • Volatile raw material prices: The cost of ingredients used in compound feed can fluctuate significantly, impacting producers’ margins.
  • Stringent regulations: Regulatory frameworks around animal feed safety and environmental impact can pose challenges for manufacturers.

Overall, the compound feed market is expected to benefit from growing protein consumption and advancements in the livestock industry. However, navigating volatile raw material prices and complying with regulations will be crucial for market participants.

Specialty Food Ingredients Market Size, Share Report 2028

The global specialty food ingredients market is projected to reach USD 179.8 billion by 2023 from USD 240.9 billion by 2028, at a CAGR of 6.0% during the forecast period in terms of value. The specialty food ingredients market has witnessed significant growth and established its dominance in the global food industry. Specialty food ingredients are expanding significantly on a global scale due to several factors. These include a variety of additives, flavors, sweeteners, colors, functional ingredients, and other components that improve the overall quality, taste, and nutritional profile of food and beverage items.

What are specialty food ingredients?

Specialty food ingredients refer to unique and high-quality ingredients that are used in the food and beverage industry to enhance the flavor, texture, appearance, or nutritional profile of a product. These ingredients are often chosen for their specific characteristics and may not be commonly found in everyday recipes. Specialty food ingredients play a crucial role in creating distinctive and premium food products, setting them apart from standard offerings.

In addition to enhancing the sensory aspects of food, specialty ingredients may also serve functional purposes, such as improving shelf life, stability, or nutritional content. As consumer demand for diverse and unique food experiences continues to grow, the use of specialty food ingredients has become more prevalent in both artisanal and mainstream food production.

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Specialty Food Ingredients Market Growth Drivers:

  • Changing Consumer Preferences: Consumer preferences are shifting towards healthier and more diverse food options. Specialty food ingredients cater to this demand by offering functional and nutritional benefits.
  • Rising Health Awareness: Increasing awareness about health and wellness is prompting consumers to choose food products with specific health benefits. Specialty ingredients, such as probiotics, prebiotics, and functional fibers, are gaining popularity due to their positive impact on health.
  • Innovation in Product Development: Ongoing research and development efforts in the food industry lead to the creation of innovative products with unique flavors, textures, and nutritional profiles. Specialty ingredients play a crucial role in these advancements.
  • Clean Label Trends: Consumers are becoming more conscious of the ingredients in their food, leading to a preference for clean-label products. Specialty ingredients that are perceived as natural, organic, and free from additives contribute to this trend.
  • Globalization of Food Supply Chains: The globalization of food supply chains has increased the accessibility of diverse and exotic ingredients. Specialty ingredients from different regions and cultures are now more readily available, contributing to the diversity of food products.
  • Increasing Disposable Income: As disposable incomes rise, consumers are willing to spend more on premium and specialty food products. This has a positive impact on the market as it allows for the production and consumption of higher-value food items.
  • Rise in Food Intolerances and Allergies: The growing awareness of food intolerances and allergies has led to an increased demand for specialty ingredients that cater to specific dietary needs, such as gluten-free, dairy-free, and nut-free alternatives.
  • Functional and Fortified Foods: Consumers are seeking foods that not only provide basic nutrition but also offer additional functional benefits. Specialty ingredients, such as vitamins, minerals, and bioactive compounds, contribute to the fortification of food products.
  • Technological Advancements: Advances in food processing technologies allow for the incorporation of specialty ingredients into a wider range of products without compromising taste or quality. This has expanded the market for specialty food ingredients.

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Specialty Food Ingredients Market Challenges:

  • Lack of consistency in regulations about various ingredients
  • Increase in competition due to presence of low-cost ingredients
  • Growth in pressure on global resources and need to tap new raw materials

Specialty Food Ingredients Market Leading Players:

  • ADM (US)
  • DSM (Netherlands)
  • International Flavors & Fragrances Inc. IFF (US)
  • Kerry Group plc. (Ireland)
  • Givaudan (Switzerland)
  • Cargill, Incorporated (US)
  • Sensient Technologies Corporation (US)
  • Ingredion. (US)
  • Chr. Hansen Holding A/S (Denmark)
  • Tate & Lyle (UK)
  • Amano Enzyme Inc. (Japan)
  • Biocatalysts (UK)
  • Enzyme Supplies (UK)
  • Roquette Freres (France)

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Specialty food ingredients market segmentation:

By Ingredient Type

By Distribution Channel

  • Distributors
  • Manufacturers

By Region:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

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Recent Developments:

  • In March 2023, ADM launched the Knwble Grwn brand to provide consumers with wholesome, plant-based food ingredients that are sustainably sourced. Knwble Grwn products are produced by small or underrepresented farmers using regenerative agricultural practices that help to protect the environment. The new brand complements ADM’s other sustainability initiatives.

Biorational Pesticides Market Size, Share & Forecast by 2028 | MarketsandMarkets

Biorational Pesticides Market Outlook from 2023 to 2028

The global biorational pesticides market size is estimated to stand at US$ 7.5 billion in 2023. The market is expected to reach to a generous valuation of US$ 15.1 billion by 2028, registering an impressive CAGR of 15.2%.

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The botanical source of the biorational pesticides segment is driving the market due to simpler storage needs and broad spectrum effect against insects, fungi, or other pests

Pesticides derived from plant sources or their extracts, known as botanical-based pesticides, frequently exhibit characteristics that enhance their stability during storage. These compounds, originating from plants, often possess inherent stability, mitigating rapid degradation or breakdown under standard storage conditions. This inherent stability contributes to an extended shelf life in comparison to certain microbial-based pesticides.

In terms of storage requirements, botanical-based pesticides typically demand simpler conditions than some microbial-based counterparts. While they may require standard storage practices, such as averting extreme temperatures or excessive moisture, they generally do not mandate specialized storage facilities or rigorous environmental controls.

Moreover, some botanical-based pesticides exhibit a broad-spectrum effect, meaning they have the capability to target and control a wide range of pests. These pesticides, derived from plant sources or their extracts, might possess compounds that affect various types of insects, fungi, or other pests. For instance, certain plant-derived compounds like pyrethrins or neem oil can impact a broad range of insects and diseases, offering a comprehensive approach to pest control.

Liquid formulation segment exhibits highest CAGR of 15.3%, driving biorational pesticides market growth

Liquid formulations of pesticides present distinct advantages over their dry counterparts, propelling their increased market demand. Their ease of application stands out as a primary factor, as liquids allow for more uniform spraying over large areas, ensuring enhanced coverage, particularly on uneven or densely foliated surfaces. This attribute facilitates efficient application, contributing to better pest management outcomes.

Moreover, the precision of liquid formulations in delivering active ingredients to specific pests or targeted areas further distinguishes them. This targeted delivery mechanism elevates their efficacy in pest control strategies, ensuring a more focused and effective approach. Additionally, the convenience in handling and mixing liquid formulations during preparation and application adds to their appeal. Their ability to seamlessly blend with diverse substances or additives enhances their versatility in pest management practices. As a result of these advantages and their perceived efficiency, liquid formulations have gained favor among farmers and pest management professionals, fostering their increasing preference and market growth.

North America accounts largest share in the biorational pesticides market and witnessing growth due to tight regulations and limitations on the application of conventional chemical pesticides

The agricultural sector in North America is characterized by a variety of farming systems, including large-scale commercial operations and smaller organic and specialty crop farms. This diverse landscape creates favorable conditions for the utilization of biorational pesticides across a wide range of crops.

In North America, regulatory bodies have erected robust frameworks, rigorously scrutinizing the usage of conventional pesticides, fueled by apprehensions encompassing safety and environmental repercussions. These stringent measures have triggered a surge in the quest for biorational pesticides, esteemed for their perceived safety and eco-friendly attributes. A significant milestone unfolded when the U.S. Environmental Protection Agency (EPA) championed the cause of shielding children and agricultural workers from the perils of a hazardous pesticide with ties to enduring cognitive impairments.

In a monumental move unveiled in August 2021, the agency unveiled plans for a sweeping prohibition on chlorpyrifos across all food crop applications, marking an epochal stride in safeguarding public health and the environment. This decisive action, born out of mounting concerns about the pesticide’s detrimental impacts, stands as a testament to the intensifying drive toward embracing safer and more sustainable alternatives in the agricultural landscape. The pronounced pivot towards biorational pesticides amid stringent regulatory reforms underscores an ardent commitment to fostering a safer, greener future in pest management practices within North America.

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Top Biorational Pesticides Companies

The key players in the biorational pesticides market include BASF SE (Germany), Bayer AG (Germany), UPL (India), FMC Corporation (US), Syngenta AG (Switzerland), Novozymes A/S (Denmark), Sumitomo Chemical Co., Ltd (Japan), Pro Farm Group Inc (US), Koppert (Netherlands), Valent BioSciences LLC (US), Gowan Company (US), Certis Biologicals (US), Biobest Group (Belgium), BIONEMA (UK), and Vestaron Corporation (US).